Altered documents turn up heat on Japanese leader Abe, in cronyism scandal. Read story White House backs arming teachers but not raising age limit for gun buyers. Read story Mueller may delay decision on obstruction. Read story Elon Musk: SpaceX and Tesla alive ‘by the skin of their teeth.’ Read story Schwarzenegger to sue big […]
US adds 313,000 jobs in February, but wage gains cool. Read story Canada loses 39,300 full-time jobs, generates 54,700 part-time jobs. Read story Trump accepts offer to meet Kim Jong-un. Read story Trump’s meeting with Kim Jong-un is another pledge to do what no body else can. Read story Oil up after sell-offs amid optimism […]
Trump to offer temporary tariff exemption for Canada and Mexico. Read story Steel tariffs are nothing compared to the looming war over intellectual property theft with China. Read story Eleven nations, but not the US, to signTrans-Pacific trade deal. Read story US is calling for $100 billion reduction in bilateral trade gap with China. Read […]
Trump’s key economic advisor Gary Cohn resigns. Read story What market players are saying about Cohn’s resignation. Read story Trade wars: US bourbon, juice and peanut butter face new EU tariffs. Read story Fuel for fire: US trade deficit in January hits nearly 10-year high. Read story Man becomes first person convicted of ‘sexism’ under […]
Wall St opens higher on signs of North Korea talks. Read story Kim Jong-un vows to write a ‘new history of national reunification’ with South Korea. Read story Bank of Japan’s tough task: navigating the long road toward stimulus exit. Read story UK’s Johnson warns Russia over collapse of spy. Read story 42% of Americans […]
Many nations are now actively considering what to do about crypto currencies (CC’s), as they do not want to miss out on tax revenue, and to some degree they think they need to regulate this market space for the sake of consumer protection. Knowing that there are scams and incidences of hacking and thievery, it […]
Italian election: Populist Five Star and League vie for power. Read story Trump says Canada, Mexico could win tariff exemption if fair NAFTA deal signed. Read story Left behind: Italy’s election is the latest rebuke for Europe’s flailing centre-left. Read story Oscars: Shape of Water and Frances McDormand rule. Read story NRA posts controversial ‘Times […]
Trump: ‘Trade wars are good, and easy to win.’ Read story Here’s what happened the last time the US applied steel tariffs. Read story Canada, not China, will be hardest hit by US steel tariffs. Read story Here’s why this is the most important weekend in Europe’s political calendar. Read story Anti-Putin protests could get […]
While Donal Trump says ‘Trade wars are good, and easy to win,” history suggests otherwise. In March 2002, George Bush gave into lobbyists and slapped on steel tariffs of between 8% and 30% on imported steel. At that time, Bush exempted Canada, and Mexico because of NAFTA, plus a few developing countries. Immediately after those […]
S&P 500 The S&P 500 opened fairly strong, pushing up to 2731, near our immediate resistance level in the 2740-2760 range. But then trade war fears took over as Trump announced a 25% tariff on steel, and 10% on aluminum, which pushed the S&P down 72 pts, finally closing at 2677 , down 1.32% for the day. Immediate Resistance = […]